Bank of New York Mellon Corp Boosts Stock Holdings in American Healthcare REIT, Inc. (NYSE:AHR)

Bank of New York Mellon Corp raised its holdings in shares of American Healthcare REIT, Inc. (NYSE:AHR) by 139.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,853 shares of the company’s stock after acquiring an additional 424,773 shares during the quarter. Bank of New York Mellon Corp owned about 0.48% of American Healthcare REIT worth $20,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in American Healthcare REIT during the 3rd quarter valued at about $123,000. Van ECK Associates Corp bought a new position in shares of American Healthcare REIT in the third quarter valued at approximately $363,000. Sigma Planning Corp purchased a new position in American Healthcare REIT during the third quarter valued at approximately $1,877,000. Axxcess Wealth Management LLC bought a new stake in American Healthcare REIT during the 3rd quarter worth approximately $486,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in American Healthcare REIT by 57.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 132,000 shares of the company’s stock worth $3,445,000 after purchasing an additional 48,000 shares in the last quarter. Hedge funds and other institutional investors own 16.68% of the company’s stock.

American Healthcare REIT Price Performance

Shares of NYSE AHR opened at $27.99 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.37 and a quick ratio of 0.37. American Healthcare REIT, Inc. has a 1 year low of $12.81 and a 1 year high of $30.97. The company’s 50-day moving average is $28.50 and its 200 day moving average is $26.82. The stock has a market capitalization of $4.41 billion and a P/E ratio of -58.30.

American Healthcare REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. American Healthcare REIT’s dividend payout ratio is presently -370.37%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AHR shares. Citigroup reiterated an “outperform” rating on shares of American Healthcare REIT in a research report on Tuesday, March 4th. Royal Bank of Canada upped their price objective on shares of American Healthcare REIT from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JMP Securities set a $35.00 target price on American Healthcare REIT in a research note on Tuesday, March 4th. Truist Financial increased their price objective on American Healthcare REIT from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Morgan Stanley increased their price target on shares of American Healthcare REIT from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, December 30th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, American Healthcare REIT currently has a consensus rating of “Buy” and an average target price of $28.43.

About American Healthcare REIT

Formed by the successful merger of Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, as well as the acquisition of the business and operations of American Healthcare Investors, American Healthcare REIT is one of the larger healthcare-focused real estate investment trusts globally with assets totaling approximately $4.2 billion in gross investment value.